Entropic lifts Q2 estimates; connectivity strong

SaabiraChaudhuri

Entropic Communications Inc.
ENTR
said it expects second-quarter results to be better than its prior estimates, due to strong results for its connectivity products.

Shares of the chip-maker were up 18% to $4.81 in premarket trading. The company's stock is down 53% in the last three months.

Entropic, which makes chips that focus on home-networking and entertainment applications, now expects second-quarter revenue to range between $81 million and $82 million and earnings per share of eight cents. The company's previous guidance for the quarter was for revenue between $75 million and $77 million and per-share earnings of three cents.

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